Zee Ent’s Punit Goenka pays Rs 50 lakh to settle insider trading case with SEBI

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Key Points

Zee Entertainment Enterprises Ltds head Punit Goenka has settled an insider trading matter with the Securities and Exchange Board of India by paying a sum of Rs 50 lakh...

In August 2021, the capital market regulator had issued an ad-interim order against 15 entities for carrying out insider trading activities in shares of Zee Entertainment...

During its course of investigation, SEBI found that certain information which was unpublished price sensitive information had not been considered by the media company...

In February, the National Company Law Tribunal (NCLT) had admitted an insolvency petition filed by IndusInd Bank against Essel Groups listed companies, Zee Entertainment and Siti Network...

IndusInd Bank in its plea claimed a default of Rs 83.08 crore against the media and entertainment firm promoted by Subhash Chandra...

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